Data as of .
AMZD vs AMZO: which held to its multiple?
Over three months against its own daily promise, AMZD finished 1.2 points over and AMZO 1.0 points over.
ETFIQ Decay Resistance Score: AMZD scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 121 inverse ETFs over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it · How it is computed
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| AMZD | AMZO | AMZD | AMZO | AMZD | AMZO | |
| 1 month | +3.9% | +6.9% | +3.9% | +7.9% | 0.0 pts | −0.9 pts |
| 3 months | −10.2% | −24.8% | −7.6% | −15.3% | −2.5 pts | −9.6 pts |
| 6 months | −22.4% | not published | −23.6% | not published | +1.2 pts | not published |
| 1 year | −15.5% | not published | −11.7% | not published | −3.8 pts | not published |
| 3 years | −50.4% | not published | −81.8% | not published | +31.4 pts | not published |
| Since launch | −58.4% | −46.0% | −98.3% | −47.8% | +39.9 pts | +1.8 pts |
| AMZD Direxion Daily AMZN Bear 1X ETF Aims to return 1 times the opposite of the daily move of Amazon.com (AMZN) | AMZO Tradr 2X Short AMZN Daily ETF Aims to return twice the opposite of the daily move of Amazon.com (AMZN) | |
|---|---|---|
| Issuer | Direxion | Tradr |
| Sets out to return | -1x | -2x |
| On | AMZN | AMZN |
| Segment | company | company |
| Fund returned, 3 months | −10.2% | −24.8% |
| Underlying returned, 3 months | +7.6% | +7.6% |
| What the stated multiple implies, 3 months | −7.6% | −15.3% |
| Difference from stated, 3 months | −2.5 pts | −9.6 pts |
| Fund returned, 1 year or since launch | −15.5% | −46.0% |
| Difference from stated, over that window | −3.8 pts | +1.8 pts |
| Underlying volatility | 44% | 44% |
| Expense ratio | not published | 1.49% |
| Launched | Sep 7, 2022 | Mar 24, 2026 |
AMZD in plain words
Three months to Sep 11, 2026: AMZD returned −10.2% where its own daily promise gave −11.4%, 1.2 points over. Read the multiple against the whole window instead and −1 times AMZN's 7.6% implies −7.6%, which makes AMZD look 2.5 points short. 3.8 of that is daily compounding, which happens to any −1 times fund over the same path, and the rest is the fund. AMZD aims to return -1 times AMZN's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not -1 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. AMZN moved at 44% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
AMZO in plain words
Three months to Sep 11, 2026: AMZO returned −24.8% where its own daily promise gave −25.9%, 1.0 points over. Read the multiple against the whole window instead and −2 times AMZN's 7.6% implies −15.3%, which makes AMZO look 9.6 points short. 10.6 of that is daily compounding, which happens to any −2 times fund over the same path, and the rest is the fund. AMZO aims to return -2 times AMZN's move each day, then resets. Over longer, the daily results compound, so the total is not -2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more.
Questions people ask
- Which came closer to its stated multiple, AMZD or AMZO?
- Over the window to Sep 11, 2026, AMZD finished 2.5 points from what its multiple implies and AMZO finished 9.6 points from its own, so AMZD came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are AMZD and AMZO levered on the same thing?
- Yes. Both are levered on Amazon.com, AMZD at -1 times and AMZO at -2 times the daily move.
- Which one decays faster, AMZD or AMZO?
- Decay follows how much the underlying moves about. Over this window AMZD’s moved at 44% annualized and AMZO’s at 44%, so AMZD has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold AMZD or AMZO for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, AMZD against AMZO, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/AMZD-AMZO Free to use with attribution; the underlying files are at Open data.